Simon Property Group
SPG
Market cap $58.8B

180.27 USD

+1.96

1.10%

At close Nov 15, 4:00 PM EST

After hours

180.27

+0.00

0.00%

1 day

1.10%

5 days

0.80%

1 month

3.23%

3 months

14.20%

6 months

19.98%

Year to date

26.04%

1 year

49.55%

5 years

17.06%

10 years

1.00%

About: Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.

Employees: 3,000

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $416M | Put options by funds: $305M

10% more repeat investments, than reductions

Existing positions increased: 413 | Existing positions reduced: 377

4% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 112

4% more capital invested

Capital invested by funds: $44.5B [Q2] → $46.5B (+$1.95B) [Q3]

0% more funds holding

Funds holding: 1,079 [Q2] → 1,084 (+5) [Q3]

5.26% less ownership

Funds ownership: 90.22% [Q2] → 84.95% (-5.26%) [Q3]

8% less funds holding in top 10

Funds holding in top 10: 24 [Q2] → 22 (-2) [Q3]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$158

12%

downside

Avg. target

$164

9%

downside

High target

$175

3%

downside

7 analyst ratings

1 positive

14%

6 neutral

86%

0 negative

0%

Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target	5%downside $172	Outperform Upgraded	16 Sept 2024
Stifel Simon Yarmak 57% 1-year accuracy 17 / 30 met price target	12%downside $159	Hold Downgraded	12 Sept 2024
Piper Sandler Alexander Goldfarb 56% 1-year accuracy 27 / 48 met price target	3%downside $175	Neutral Downgraded	3 Sept 2024
Truist Securities Ki Bin Kim 65% 1-year accuracy 26 / 40 met price target	12%downside $158	Hold Maintained	28 Aug 2024
Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target	11%downside $160	In-Line Maintained	28 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 18 articles about SPG published over the past 30 days

24/7 Wall Street

6 of Wall Street's Most Beloved High-Yield Stocks Are On Sale

Key Points Yields have drifted higher since the Federal Reserve cut rates in September.

6 of Wall Street's Most Beloved High-Yield Stocks Are On Sale

Dividend Harvesting Portfolio Week 193: $19,300 Allocated, $1,844.97 In Projected Dividends

The Dividend Harvesting Portfolio rebounded strongly post-election, with profitability increasing by $688.50, resulting in a 27.13% return on invested capital. I added to positions in Realty Income, Starwood Property Trust, and FS KKR Capital Corp, focusing on their strong dividend yields and growth potential. The portfolio's diversification strategy mitigates risk and enhances income, with a goal of generating $1,875 in forward dividend income by December.

Dividend Harvesting Portfolio Week 193: $19,300 Allocated, $1,844.97 In Projected Dividends

Simon Property Group Is Still Undervalued

Simon Property Group is trading at a discount despite improved fundamentals, making it an attractive investment opportunity with strong earnings growth potential. Malls are regaining popularity, especially among Gen Z, leading to higher occupancy rates and increased lease rates for SPG. SPG's financials have fully rebounded post-COVID, with NOI, dividends, and earnings surpassing pre-pandemic levels, yet the stock remains undervalued.

Simon Property Group Is Still Undervalued

Zacks Investment Research

Simon Property Stock Up 16.9% in Three Months: Will the Trend Last?

SPG is set to gain from a premium retail asset portfolio, strategic acquisitions, mixed-use developments, omnichannel retailing and a solid balance sheet.

Simon Property Stock Up 16.9% in Three Months: Will the Trend Last?

24/7 Wall Street

5 Dependable High-Yield Dividend Stocks Baby Boomers Can Always Count On

While getting to retirement age can be a blessing and a curse, the reality of counting on the U.S.

5 Dependable High-Yield Dividend Stocks Baby Boomers Can Always Count On

Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'

Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview with Barron's, Steven Wieting, strategist at Citi Wealth, stated a growing dividend is a shareholder benefit and a hallmark of strong balance-sheets. “Nobody can fake a dividend,” he-said.

Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'

Simon Property Group: A High-Yield Value Gem In A Resilient Market

Simon Property Group remains an attractive choice for its high yield and total return potential. It's seeing respectable Portfolio NOI growth, along with increasing occupancy and sales per square foot. SPG also carries a strong balance sheet and robust forward growth potential through its development pipeline.

Simon Property Group: A High-Yield Value Gem In A Resilient Market

Simon Property Group: Inexpensive And Still Increasing The Dividend Yielding Around 5%

Simon Property Group continues to increase its occupancy levels and has exceeded 95% for the past 5 quarters. SPG finished signing 1,200 leases in Q3 bringing their total to around 3,900 in the first 9-months of 2024 with another 1,800 in the pipeline. Increased occupancy rates and more leased space should be a combination that allows SPG to drive further revenue and FFO growth leading to future dividend increases.

Simon Property Group: Inexpensive And Still Increasing The Dividend Yielding Around 5%

Zacks Investment Research

Simon Property Q3 FFO Lags Estimates, Dividend Hiked 2.4%

Higher interest expenses hurt SPG's Q3 results. However, a year-over-year rise in revenues offers some support.

Simon Property Q3 FFO Lags Estimates, Dividend Hiked 2.4%

Simon Property Group, Inc. (SPG) Q3 2024 Earnings Call Transcript

Simon Property Group, Inc. (NYSE:SPG ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Tom Ward - Senior Vice President, Investor Relations David Simon - Chairman, President and CEO Brian McDade - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Caitlin Burrows - Goldman Sachs Jeffrey Spector - Bank of America Craig Mailman - Citi Greg McGinniss - Scotiabank Alexander Goldfarb - Piper Sandler Floris van Dijkum - Compass Point Vince Tibone - Green Street Juan Sanabria - BMO Capital Markets Michael Goldsmith - UBS Linda Tsai - Jefferies Mike Muller - JPMorgan Ki Bin Kim - Truist Securities Ron Kamdem - Morgan Stanley Operator Greetings. And welcome to the Simon Property Group Third Quarter 2024 Earnings Conference Call.

Simon Property Group, Inc. (SPG) Q3 2024 Earnings Call Transcript

See News Rankings

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